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Maybe a silly question.....
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Kim7706
LIF Adult
Member since 3/07 1233 total posts
Name:
Kimberly
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Maybe a silly question.....
My DH and I are looking into buying our first home....we are both excited and nervous...We are going to start OFFICIALLY looking in January, but right now im on MLSLI.....
Morgage question???
If i have an idea of how much i want to spend on a house, and how much i want to put down, can you go to a bank and get a pre-approved morgage, without actually finding a house????
Thanks.....XO
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Posted 10/23/07 2:20 PM  |
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JenandMikey
life is good =)
Member since 5/07 4216 total posts
Name:
We're so blessed!
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Re: Maybe a silly question.....
yes u should get preapproved if u r looking around at houses bc they/real estate agents/sellers "take u more seriously"
remember the preapproval lasts i think only 6 months so make sure u r definitely going to be looking hard before u get preapproved bc the more times u get preapproved or share ur info the more ur credit score goes down
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| Posted 10/23/07 2:24 PM |
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alnem
This is gonna be a good year!
Member since 2/06 9562 total posts
Name:
Emily
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Re: Maybe a silly question.....
Posted by JenandMikey
yes u should get preapproved if u r looking around at houses bc they/real estate agents/sellers "take u more seriously"
remember the preapproval lasts i think only 6 months so make sure u r definitely going to be looking hard before u get preapproved bc the more times u get preapproved or share ur info the more ur credit score goes down
agreed on all of the above except that the preapproval is only good for 3 months. 
happy hunting!
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| Posted 10/23/07 2:30 PM |
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PotofLuck06
Our Baby Boy Is Here!!!
Member since 11/06 13241 total posts
Name:
Betsy
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Re: Maybe a silly question.....
ABSOLUTELY!!!!!!
Sellers tend to prefer home buyers who are already preapproved.
Banks, credit unions, etc can help you with the preapproval. We used HSBC and we loved them. The preapproval lasted 90 days. They told us the highest amt we could afford, including telling us how much in taxes.
Good luck!
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| Posted 10/23/07 2:45 PM |
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JenandMikey
life is good =)
Member since 5/07 4216 total posts
Name:
We're so blessed!
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Re: Maybe a silly question.....
Posted by alnem
Posted by JenandMikey
yes u should get preapproved if u r looking around at houses bc they/real estate agents/sellers "take u more seriously"
remember the preapproval lasts i think only 6 months so make sure u r definitely going to be looking hard before u get preapproved bc the more times u get preapproved or share ur info the more ur credit score goes down
agreed on all of the above except that the preapproval is only good for 3 months.
happy hunting!
see i knew i was iffy on that....leave it to the REA to know the right stuff 
Message edited 10/23/2007 2:56:36 PM.
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| Posted 10/23/07 2:56 PM |
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alnem
This is gonna be a good year!
Member since 2/06 9562 total posts
Name:
Emily
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Re: Maybe a silly question.....
 
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| Posted 10/23/07 3:08 PM |
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Kim7706
LIF Adult
Member since 3/07 1233 total posts
Name:
Kimberly
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Re: Maybe a silly question.....
Thanks girls....see i would have never known!
Love having you girls to ask!!!!
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| Posted 10/24/07 8:04 AM |
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